Chatsworth, CA (GLOBE NEWSWIRE) - Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) provides an update on produced and frack water treatment operations in the Permian Basin. For the month of February, CVAT’s water treatment rate was slightly higher than 100,000 barrels per month, but due to certain harsh weather conditions the volume of treated water fluctuated during this time frame. The first mobile unit featuring CVAT’s patented Low Pressure Nano Reactor® (LPN) and related patented processes was deployed for the initial production phase at the end of February; and CVAT anticipates accelerated capacity and production rates moving forward. Meanwhile, the second mobile unit is scheduled for completion at the end of March and will be fully operational in April. Each mobile unit deployed in the Permian Basin region has the capacity to handle up to 500,000 barrels per month.
The unique chemical free technology behind CVAT’s Low Pressure Nano Reactor® (LPN) features shockwaves that create hundreds of bubbles inside of the reactor. These bubbles eventually end up collapsing due to pressure and release enormous force. These forces then cause multiple chemical reactions, one of which is the dissociation of water into hydrogen and hydroxyl radicals. Hydroxyl radicals are powerful oxidizers and can be used to destroy organic constituents such as hydrocarbons.
While the supercritical effect is localized to the area of bubble collapse, there are three unique traits of supercritical cavitation in the water that can be used in produced water treatment: organic phases become completely soluble; oxygen is completely soluble and behaves as a strong oxidizer; and inorganic constituents become largely insoluble.
Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc. Oil consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain “highly inelastic" due to the rising prices, the bank said in a note. Goldman raised its Brent forecasts by $10 a barrel, to $70 next quarter and $75 in the following three months. The result of improving oil and the reopening of produced and frack water treatment centers in the Permian Basin Region may lead to accelerated capacity and production rates and an increased demand for CVAT’s clean water technology moving forward.
About Cavitation Technologies, Inc.
Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/
Forward Looking Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions, and include statements such as, CVAT anticipates accelerated capacity and production rates moving forward, our belief that our company is positioned for accelerated growth and the expected efforts to be made to enhance our shareholder's value. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment and our ability to perform the installation as anticipated and other factors described in our most recent Form 10-K and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. In light of these risks and uncertainties there can be no assurances that the forward looking statements contained in this press release will in fact transpire or prove to be accurate. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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